A primer on tax and cryptocurrencies in Canada

Author: External Author | | Categories: Accounting Firm , Accounting Services , Chartered Professional Accountant , Corporate Tax Services , Financial Statement Preparation , Income Tax Preparation , Personal Tax Services , Tax Accountant , Tax Planning , Tax Services

Whether earnings from crypto are considered business income or a capital gain depends on the holder’s behaviour. Investing in cryptocurrencies is becoming more mainstream, particularly in Canada with its supportive regulatory environment for new and innovative financial products.

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Original Article Source Credits: Advisor's Edge, https://www.advisor.ca

Article Written By: Gail J. Cohen

Original Article Posted on: November 25, 2021

Link to Original Article: https://www.advisor.ca/tax/tax-news/a-primer-on-tax-and-cryptocurrencies-in-canada